⸺ Obituary · April 9, 2018 ⸺
“Bitcoin, The Biggest Bubble In History, Is Popping”
— Bloomberg, Michael Hartnett
“The greatest bubble in history is popping, according to Bank of America Corp. The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note.”
Price at death
$6,774
Today
$73,594
Resurrection
×10.9
On 2018-04-09, Michael Hartnett (Writer) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$6,774 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 9, 2018, when one Bitcoin traded for approximately $6,774. Since then, Bitcoin has appreciated by 10.9× relative to the price on the day Bloomberg pronounced it finished.